Salim Carelessly Makes a Check for $100 to Abel in a Way

question 41

Multiple Choice

Salim carelessly makes a check for $100 to Abel in a way that makes it possible for someone to easily alter it. Abel alters the check to read $1,000. Under these circumstances, _____.

• A) if the drawee bank pays the check to Abel in good faith, it can charge the $1,000 to Salim's account
• B) a drawee bank can charge the $100 to Salim's account and will be liable for the rest of the altered amount
• C) the drawee bank is completely liable to Salim for accepting the altered check even if Salim's negligence contributed to the alteration
• D) Abel is liable to the drawee bank and the bank cannot charge the $1,000 to Salim's account

Comprehend the concept of disruptive innovation and its impact on businesses' product development strategies.

Learn how SWOT analysis and environmental scanning contribute to new-product strategy development and the overall new-product development process.

Understand the concept testing phase and its role in evaluating new-product ideas before moving to the actual production phase.

Comprehend various strategies firms adopt to generate new-product ideas including crowdsourcing and its impact on innovation.

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Definitions:

Creativity Drivers

Elements or factors that stimulate creativity in individuals or groups, leading to the generation of innovative ideas or solutions.

Individual Creativity

The ability of a person to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.

Team Creativity

The collective ability of a group to generate novel and useful ideas or solutions to problems.

Classical Decision Model

The classical decision model is a theoretical approach to decision-making that assumes individuals have access to all necessary information, can objectively evaluate options, and will make rational choices maximizing outcomes.